Get started
smwajeeh

Chart Idea - Swing Short on NQ

Short
NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
smwajeeh Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Trend Analysis Chart Patterns Technical Indicators NASDAQ 100 E-MINI FUTURES nqshort nqtrade nqanalysis shortsetup shorttrade
2
0
trendanalysis chartpattern indicator nq1! nqshort nqtrade nqanalysis shortsetup shorttrade
NQ should retest 0.382 fib level (16966) in coming days/weeks.
Comment:
So far, this trade is still valid as it didn't close the daily candles above 50 or 20 EMAs. 20EMA is still under 50EMA which shows the bearish sign. IMO, market manipulators can still pump the market and shake out all the shorts, but my confirmations are still intact. Until, it breaks above 18500, 20EMA comes back and crosses above 50EMA, OR DXY breaks down 105.49 and closes below, we are bearish and going down.
Comment:
Above comment is also valid for SPY as well.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.